Fascinating article in "Theage" about Thailand-made cars becoming the top seller in Australia last month. It is especially fascinating given the fierce debate in many countries about globalisation and free trade agreement and to what extent they harm or benefit economies.
But globalisation is cyclical and not an end-game. I remember when the UK car industry was decimated back in the 80's and the "blame" went to Japanese car manufacturers. Fast-forward to 2016 and UK car production in June was 158,641 units (and car engines were 242,011 units!) Units that people want to buy, that are cost-effective to make and with the required quality to be competitive in today's more affluent market place.
ANALYSIS Thailand tops the list in new car sales in Australia Milestones come in many forms. Today's is the country that provided the most new vehicles sold in Australia last month: Thailand.